Miami FL 33132 | Kotohomes

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$18,500,000

, Miami, FL 33132

bedrooms

bathrooms

square feet

Acreage

0.16

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year built

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Compass Commercial presents the Historic "Dade-Commonwealth Building," an existing 43,265sf office building with rare in-place approvals from the Historic Preservation Board and the City of Miami for a 17-story, 163-room upscale hotel. Alternatively, the property can be delivered with a lease from a Flag Hotel Operator with a Corporate guarantee. Sale includes approved plans, demolition permits, + Master permits, which are in the final stages, allowing for quick project initiation. The property is entitled to an Ad Valorem Exemption and also the Federal Historic Rehabilitation Tax Credit due to its historic designation. Great opportunity to develop a luxury hotel in Downtown Miami that's fast-tracked with approved plans, demo permits + tax credits.

Location
Subdivision	Miami North
County	Miami-Dade
Elementary School	-
Middle School	-
High School	-

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MLS number: A11723602

Listing agent: Alexandra Sierra #3184474

Listing broker: Compass Florida Llc (305) 851-2820

Copyright © 2025 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 29 2025 at 4:15 p.m. EST

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